Meta's agentic AI, Muse, released last month, has reached over 2 million daily users and 3 million downloads, and Meta's stock has surged 22% since its launch. According to Baird's Ross Mayfield, the success of Muse could draw investor scrutiny away from hyperscaler capital expenditures this earnings season, potentially assuaging fears that such spending is wasteful. Unlike traditional chat bots, Muse and other agentic AI tools can act without being prompted, representing a leap forward in AI technology. As third-quarter earnings approach, AI's biggest spenders might face less criticism over their capex.
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